About your Search

20130201
20130228
Search Results 0 to 3 of about 4
to introduce our witnesses. the undersecretary for domestic finance of the u.s. depth of the treasury is with us. we also have a member of the board of governors of the federal reserve system. we have the chairman of the federal deposit insurance corporation and tom curry the comptroller of the currency. richard cadre is the director of the consumer financial protection bureau. alyse walder is a chairman of the securities and exchange commission. gary kensler is a chairman of the commodity creating commission. i thank all of you again for being here today. i would like to ask the witnesses to please keep your remarks to five minutes. your full written statements will be included in the hearing record. under secretary miller, you may begin your testimony. >> chairman johnson, ranking member crepo and members of the committee thank you so much for the opportunity to be here today. the dodd/frank wall street reform and consumer protection act represents the most comprehensive set of reforms to the financial system since the great depression. americans are already beginning to see benefit
, that is a big part of the european proposals like a victors' proposal. as i say to a considerable extent the u.s. has already gone down that road and dodd-frank strengthen those provisions. the second set of proposals is what i characterize as a functional split so saying there are certain functions that cannot be done within a bank holding company, glass-steagall was that approach which separated investment banking from commercial banking. there are proposals out like this and some of them would allow some of them would allow underwriting and not marketmaking. others might say nothing at all other than commercial banking, and the issues are kind of on both sides. on the one hand we have to ask if we did that, would it actually address the problem that led to the crisis as senator johnson was indicating in introductory remarks, a failure of bear stearns, a broker dealer, not a bunch of relationships with i b is that precipitated the crisis and the second issue is what would be lost. are there valuable roles to play when for example and underwriter also makes market and securities which it underw
as soup -- of course, drawn by my orange t-shirt. a long time meter and a captain in the u.s. coast guard. she gave me what is called a challenge : from the u.s. coast guard given for going above and beyond the call of duty, and she said this is to remind you of who you are working for, who your helping, and by implication how much we still have left to do and what we will need to do to defend our winds. i was inspired by how even though she has privilege, she will benefit as a service member from the repeal of don't ask don't tell, and she and her partner who she has known since he was a kid will now have the choice to get married if they want to. she has challenged me to remember that every day for work remains incomplete to. those of us who do have some privileges must never mistake that for real equality for freedom for all. [applause] i carried this challenge going with me now. it is a constant weight in my pocket reminding me that as we win in some areas, like marriage, we must always be clear that we are not of 1-issue movement. [applause] we are not a marriage-only movement. we ar
like him and people >>> and there are many doorways of doing it but in u.s. history, the chief doorway for change has been when people go through across the barriers of race and that is the lesson. good things happen when you do. anybody else? >> some of the missed memory of alabama at and when george wallace was making those proclamations in 63 in mobile, alabama, spring college had been desegregated since 1954. the change in my life changed with that class of 1954. i know i am telling my age but when i voted, the first time i paid poll tax some how i lost that received over the years and that really hurts me, but i think my change came in and it was catholic school, it was a jesuit school, and people ask me how did you feel, i said i felt like other freshman going to school. i was more involved in what i was going to wear and what i was going to do, but i remember every african-american who was in my class and they were not many, let's be honest. they were handpicked. but the school has grown and so my change started in alabama and i remember a picture of george wallace on the front
Search Results 0 to 3 of about 4

Terms of Use (10 Mar 2001)